{"id":6506,"date":"2021-09-14T10:15:51","date_gmt":"2021-09-14T10:15:51","guid":{"rendered":"https:\/\/tokpie.io\/blog\/?p=6506"},"modified":"2024-10-19T17:58:47","modified_gmt":"2024-10-19T17:58:47","slug":"trade-hex-token-erc20","status":"publish","type":"post","link":"https:\/\/tokpie.io\/blog\/trade-hex-token-erc20\/","title":{"rendered":"Alternative to Cryptocurrency Mining: HEX Token"},"content":{"rendered":"\n

Looking at growing BTC, many newbies are starting to research mining hardware to buy it mint some Bitcoin. Don’t do that. Instead of wasting money on mining hardware, consider purchasing the HEX token. As a result, you avoid electricity bills and assets’ depreciation. Read below to learn how to earn with HEX. Also, get a guide on how to trade HEX tokens on the Tokpie exchange.<\/p>\n\n\n\n

\"$HEX
HEX’s token price chart.<\/figcaption><\/figure>\n\n\n\n

How does HEX mining works?<\/h2>\n\n\n\n

Imagine that you want to save some money and earn fair interest. Ten years ago, you would go to a local bank to open a savings account. Fortunately, now you can forget about useless banks, their fees, and miserable interest rates. Starting from December 2019, anyone can trust his funds into the HEX’s smart contract for a period between 1 and 5555 days and earn around 40% APR. So, it’s like mining but without investments in hardware and variable expenses on electricity. Also, by using the Ethereum network, people can send HEX tokens and interact with its smart contract. But the consensus code and staking mechanism are contained in the HEX smart contract. <\/p>\n\n\n\n

How does HEX generate profit? <\/h2>\n\n\n\n

Before buying some HEX, an average person should ask yourself: “hm, ok, they promise over 40% APY, but where from this profit comes? Might be it’s a Ponzi scheme or something”. Well, there are two sources of funds for paying to people who stake HEX coins. <\/p>\n\n\n\n